Public Sector Banks Current Affairs, GK & News

Vision [email protected]

The Government of India is to finalize the 2047 plan by May 2022. The plan is being framed by a Sectoral Group of Secretaries. That is, the sectaries are from ten different sectors. They will draw a plan that will start by this decade. Aim of Vision [email protected] The aim of the vision is to ..

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Public Sector Banks announce new loans

Public sector banks (PSBs) have announced support measures and launch of new loan products to mitigate economic impact of Covid-19 pandemic. What are those announcements? PSBs would provide unsecured loans of up to 5 lakh rupees to individuals. Loan can be utilized to meet their and family members’ treatment cost. Indian Banks Association and State ..

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PM SVANidhi Scheme: 1.6% loans from private sector

The Ministry of Housing and Urban Affairs recently announced that over twenty lakh street vendors have been provided loans under the PM SVANidhi scheme till March 29, 2021. Of this, eighteen lakh loans were provided by the Public Sector Banks. On the other hand, the private sector banks have provided only 32,534 loans. Bottom line, ..

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Doorstep Banking Services launched by Public Sector Banks

Finance Minister Nirmala Sitharaman launched the doorstep banking services for public sector banks. This will facilitate the users a hassle-free and convenient banking service. The services provided by the Doorstep Banking can be availed through Agents who has been deployed by the selected Service Providers at 100 centers across the country. These services can be ..

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Rs 68311 Cr. Disbursed under Emergency Credit Line Guarantee Scheme to the MSMEs

As per the data released by the Ministry of Finance, the Private and Public Sector banks in India have disbursed around Rs 68311 Cr. under the Emergency Credit Line Guarantee Scheme to the Micro, Small and Medium Enterprises in the country. As on July 15 2020, the total sanctioned amount under the scheme is Rs ..

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